Commodities

July 6, 2021

Oil’s Roller Coaster Ride 🎢

OPEC+, its allies, and the oil market are on a roller coaster ride. 🎢

OPEC+’s stalemate plunged today’s oil prices. The organization’s deadlock between the UAE and Saudi Arabia reversed this week’s six-year crude highs. 😪

Last week, OPEC and its allies met to finalize a 2021 output policy—a proposal to return 400K barrels per day to the market from August until December… buut the UAE rejected the proposals, asking for a higher quota of barrels produced.

Discussions between the organization’s members are postponed indefinitely. OPEC Secretary General Mohammad Barkindo said “The date of the next meeting will be decided in due course.” Meanwhile, UAE Minister of Energy Suhail Al Mazrouei commented: 

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November 10, 2023

Popular Energy Stocks Lose Power

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Moving ON Earnings

Several stocks moved bigly today after reporting results, so let’s recap. 👇

We’ll start with ON Semiconductor, which helped inspire the title of this post. Although its third-quarter results topped expectations, its forecast for fourth-quarter EPS of $1.13-$1.27 and revenues of $1.95-$2.05 billion both missed by a wide margin. Macroeconomic pressures such as weaker demand for vehicles pressured the stock, with analysts saying the cyclical nature of the company’s business is taking hold again. $ON shares plummeted 22% on the day. 📊

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Cocoa Prices Go Loco

With Halloween coming up next week, some consumers will likely be shocked at the price of candy due to the elevated price of cocoa.  😱

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October 4, 2023

Oil & Gas Sector Loses Its Energy

After a strong run throughout the summer, it’s been a rough two weeks for energy-related commodities and stocks. Today, an accelerating decline helped bring the sector back to the forefront of investors’ conversation. Let’s take a look at why. 👇

In very short-term fundamental news, gasoline inventories surprised to the upside today on weak demand. That caused the commodity to extend its recent selloff. But more importantly, we also saw heating oil and crude oil selloff in tandem after holding relatively strong during gasoline’s pullback.

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Palladium Perks Up

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Are Investors Sleeping On Commodities?

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Gold Soars To All-Time Highs

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